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Feb 16, 2013 12:40pm EST
? well, some say we don't need to do anything, because a growing economy and the accompanying revenue will be enough to both pay the bills and create a stronger kentucky. my friends, with all due respect, that is simply not reality -- and the math shows it. yes, the economy and our revenues are projected to grow, but not fast enough to even keep up with expenses, much less to address fundamental weaknesses. secretary of the cabinet mary lassiter, who has been putting together state budgets for 15 years, testified in great detail yesterday before a joint meeting of the appropriations and revenue committees. she showed with overwhelming evidence how anticipated growth will be more than eaten up by decisions you and i made in previous sessions. assuming we hit the consensus forecasting group's out-year prediction of about 3 percent growth -- and yes, that's an assumption -- any new revenue will have to be used to cover things like structural imbalances, obligations to health care and pensions, inflationary growth in medicaid, and health insurance for teachers and state employees. the pro
Feb 16, 2013 11:55am EST
create a more vibrant economy and a higher quality of life for our people. our focus needs to be not just on the present -- but on five, 10, even 25 years from now. my immediate goal during the recession was to help our families and businesses survive. but merely surviving was not enough. so we also acted strategically to preserve our ability to make investments in our people and investments in our people and infrastructure that
Search Results 0 to 1 of about 2